Ferro-Alloy Resources Ltd (LON:FAR) CEO Nick Bridgen joins DirectorsTalk Interviews to discuss a patent it received in Kazakhstan for the efficient technology which it has developed to produce electrolyte for vanadium flow batteries.
Nick reminds us what vanadium flow batteries are and their importance to Ferro-Alloy Resources, the significance of the new patented technology and how the company will benefit.
Ferro-Alloy Resources Ltd (LON: FAR) is developing the giant Balasausqandiq vanadium deposit in Kyzylordinskaya oblast of southern Kazakhstan. The ore at this deposit is unlike that of nearly all other primary vanadium deposits and is capable of being treated by a much lower cost process. It is planned that output will be increased in stages to reach 22,400 tonnes of vanadium pentoxide per year, mostly in the form of ferro-vanadium.
FAR is already in production processing purchased vanadium-containing secondary materials to produce vanadium in the form of ammonium metavanadate (“AMV”). FAR currently installing equipment which will enable it to increase production and convert its AMV into the more commonly traded vanadium pentoxide.